The U.S. Dramatically Heats Up The Currency Wars


Fed To Spend $600 Billion More To Help Boost US Economy -- CNBC

The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression.

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More News On Today's US Fed Decision

New York Fed's Statement Regarding More Purchases of Treasury Securities -- Bloomberg

Fed to buy $600 billion in bonds to aid economy -- Yahoo News/AP
Fed takes bold, risky step to bolster economy -- Yahoo News/Reuters
Fed resumes massive spending to spur recovery -- Yahoo News/AFP
Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth -- New York Times
Fed to Buy $600 Billion of Treasurys -- Wall Street Journal
QE2: Fed pulls the trigger -- CNN
After the Midterms: Federal Reserve Pumps $600 Billion Into Economy -- ABC News
Fed launches new round of easing -- Financial Times
Full speed ahead -- The Economist
QE2 risks currency wars and the end of dollar hegemony -- The Telegraph
Enter QE2, followed by dollar drama and hope -- Business Times

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